Analysts Set GFL Environmental Inc. (NYSE:GFL) Price Target at $42.83

Shares of GFL Environmental Inc. (NYSE:GFL) have received an average rating of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $42.83.

A number of brokerages have recently commented on GFL. UBS Group began coverage on shares of GFL Environmental in a research report on Wednesday, January 31st. They issued a “buy” rating and a $44.00 price objective for the company. BMO Capital Markets raised their target price on shares of GFL Environmental from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. TheStreet upgraded shares of GFL Environmental from a “d+” rating to a “c” rating in a research note on Tuesday, February 20th. Jefferies Financial Group lifted their price objective on shares of GFL Environmental from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. Finally, Royal Bank of Canada started coverage on shares of GFL Environmental in a research report on Monday, April 8th. They issued an “outperform” rating and a $46.00 target price for the company.

Institutional Investors Weigh In On GFL Environmental

A number of institutional investors have recently added to or reduced their stakes in GFL. PNC Financial Services Group Inc. lifted its position in shares of GFL Environmental by 70.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,060 shares of the company’s stock worth $41,000 after purchasing an additional 437 shares during the period. First Horizon Advisors Inc. lifted its position in shares of GFL Environmental by 664.7% in the 1st quarter. First Horizon Advisors Inc. now owns 1,063 shares of the company’s stock worth $37,000 after purchasing an additional 924 shares during the period. Signaturefd LLC lifted its position in shares of GFL Environmental by 48.9% in the 4th quarter. Signaturefd LLC now owns 1,178 shares of the company’s stock worth $41,000 after purchasing an additional 387 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its position in shares of GFL Environmental by 60.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 1,209 shares of the company’s stock worth $42,000 after purchasing an additional 454 shares during the period. Finally, Money Concepts Capital Corp acquired a new position in shares of GFL Environmental during the 4th quarter valued at $41,000. 64.70% of the stock is owned by institutional investors.

GFL Environmental Stock Down 1.4 %

GFL Environmental stock opened at $33.20 on Friday. The company has a market cap of $12.32 billion, a P/E ratio of -332.00 and a beta of 1.13. GFL Environmental has a 1-year low of $26.87 and a 1-year high of $39.06. The company has a fifty day simple moving average of $34.94 and a 200 day simple moving average of $32.65. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.25.

GFL Environmental (NYSE:GFL) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). GFL Environmental had a net margin of 0.64% and a return on equity of 4.96%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Research analysts anticipate that GFL Environmental will post 0.82 earnings per share for the current fiscal year.

GFL Environmental Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 15th will be issued a dividend of $0.014 per share. This represents a $0.06 dividend on an annualized basis and a yield of 0.17%. This is a positive change from GFL Environmental’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, April 12th. GFL Environmental’s payout ratio is presently -60.00%.

About GFL Environmental

GFL Environmental Inc offers non-hazardous solid waste management and environmental services in Canada and the United States. It offers solid waste management, liquid waste management, and soil remediation services, including collection, transportation, transfer, recycling, and disposal services for municipal, residential, and commercial, and industrial customers.